jto old chap, there will be no tax. there will be a big fat stamp duty to pay on the value of the transaction, whatever that value might turn out to be if in fact it actually goes ahead. however this stamp duty is paid by the purchaser. not sure of the percentage, but if the transfer value is really 600 mil then I would expect it to be well into double digit mils itself. on another point regarding lack of announcements, Australian FIRB approval only becomes an issue in matters of national significance, which Puffin is clearly not. in fact I would expect them to be cheering it on, considering the price presumably achieved for such a doggy asset.
AED Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
